When it comes to game theory, the stories we tell can be incredibly powerful, because it's not enough to just analyze a situation and come up with what you think is the right thing to do. You have to convince people to make change.
David McAdams is Professor of Business Administration at the Fuqua School of Business, Duke University, as well as a Professor of Economics in the Economics Department.
McAdams has broad research interests in microeconomic theory and game theory, with particular focus on the epidemiology of information, with applications to infectious disease and misinformation, and auction theory, with applications to market design. David is also the author of "Game-Changer: Game Theory and the Art of Transforming Strategic Situations."
Greg and David discuss all things game theory in this episode: why every transaction you've ever done is a prisoner's dilemma, how familiarity with game theory can make you a better person, and war games.
Show Links:
Resources:
Dani Rodrik: https://drodrik.scholar.harvard.edu/
The Ownership of Enterprise — Henry Hansmann: https://www.hup.harvard.edu/catalog.php?isbn=9780674001718
Steve Tadelis: https://faculty.haas.berkeley.edu/stadelis/\
Do Firms Maximize? Evidence from Professional Football by David Romer: https://eml.berkeley.edu/~dromer/papers/JPE_April06.pdf
NFL Coaches Are Too Chicken for Their Own Good: https://time.com/3449/nfl-coaches-are-too-chicken-for-their-own-good/
Sam Brown (Biological Sciences, Georgia Tech): https://biosciences.gatech.edu/people/sam-brown
The Economics of Managing Evolution: https://journals.plos.org/plosbiology/article/authors?id=10.1371/journal.pbio.3001409
Guest Profile:
Faculty Profile at Duke University: The Fuqua School of Business: https://www.fuqua.duke.edu/faculty/david-mcadams
David McAdams Website: https://sites.duke.edu/mcadams/
David McAdams on LinkedIn: https://www.linkedin.com/in/david-mcadams-57a09785?original_referer=https%3A%2F%2Fwww.google.com%2F
David McAdams on Twitter: https://twitter.com/games_to_change?lang=en
His Work:
David McAdams on Google Scholar: https://scholar.google.com/citations?user=EZJTXc4AAAAJ&hl=en
Order Book: Games of Strategy: https://amzn.to/3nQUnWg
Order Book: Game-Changer: Game Theory and the Art of Transforming Strategic Situation: https://amzn.to/3P2lcmk
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